Hello, I would like to know if it's a good way to buy a convertible bond, and instead of shorting equity, selling a call, in order to monetize gamma ??
If you don't understand my issue, consider a long position on iTraxx equity tranch delta hedged : is it a good way to sell iTraxx options for gamma monetizing ?
no, there's no relation. On credit basket products, I try to capture credit volatility, with alternative strategies ( do not use standard delta hedged packages...).